AT&T is in talks to merge its WarnerMedia media and entertainment division into Discovery, The Information confirmed in what would represent a major retreat by the telecom giant. Bloomberg first reported the news. AT&T owns HBO and the HBO Max streaming service, as well as CNN, TBS, TNT and Warner Bros. Discovery, which is partly controlled by media mogul John Malone, owns a...
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Amazon Takes Its Time Delivering Second Round of Job Cuts
Amazon is in the lead! The e-commerce behemoth has moved ahead of Alphabet in the contest to win this year’s IBM Cup, awarded occasionally to the most bureaucratic and slow-moving big tech company around. That’s one takeaway from Amazon CEO Andy Jassy’s explanation today for cutting another 9,000 jobs, on top of the 18,000 layoffs already announced. Jassy said in November the job cuts flowed...
FTX Sues Liquidators of Bahamas Unit
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
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